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Speaker 1: From the Bloomberg Interactive Brokers Studios. This is Bloomberg day

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Speaker 1: Break for Tuesday, June twenty seventh.

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Speaker 2: Coming up today, Vladimir Putin calls the Wagner leaders traders

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Speaker 2: as prosecutors reportedly drop charges against the mercenaries.

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Speaker 1: President Biden says Russia can't blame the West for the

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Speaker 1: failed mutiny.

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Speaker 2: CNN says it has the tape of former President Trump

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Speaker 2: discussing secret documents, and.

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Speaker 1: Jennet Yellen is the latest US official to head to China.

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Speaker 3: The Supreme Court is expected to announce major decisions today.

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Speaker 3: Plus New York City could start congestion pricing as soon

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Speaker 3: as April. I'm Michael Barr. More ahead, I'm.

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Speaker 4: John Stansharon Sport's another laws for the straggled Matts lost

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Speaker 4: at home to Milwaukee, and the Yankees tonight visit Oakland.

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Speaker 5: That's all straight ahead on Bloomberg day Break, the Business

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Speaker 5: news you need to starn your day in just one

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Speaker 5: fifteen minute podcast each morning on Apples, Spotify, the Bloomberg

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Speaker 5: Business app, and everywhere you get your podcasts.

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Speaker 2: Good morning, I'm Nathan.

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Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

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Speaker 1: following today.

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Speaker 2: First we begin with the latest on the rebellion in Russia.

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Speaker 2: The criminal case has been closed against the Wagner group

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Speaker 2: mercenaries who staged a failed mutiny against President Vladimir Putin.

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Speaker 2: According to Russian media, authorities have dropped charges against Wagner

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Speaker 2: leader You of Guinea Progosian, and others involved in the

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Speaker 2: armed rebellion. This comes after Putin appeared on state television

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Speaker 2: calling Wagner leaders traders who sought to divide the country.

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Speaker 2: Here he is speaking through an interpreter.

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Speaker 6: Deraghi Ruzia.

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Speaker 7: Dear friends. Today I address once again all Russian citizens.

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Speaker 7: I thank you for your endurance, solidarity and patriotism. Civil

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Speaker 7: solidarities showed that any ransom, any attempts to organize internal

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Speaker 7: unrest are doomed to fail.

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Speaker 2: With President Putin did not mention Progosian by name, but

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Speaker 2: he did say Wagner troops could either join the Russian

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Speaker 2: Army or leave for Belarus. Russian media are reporting Wagner's

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Speaker 2: preparing to hand over heavy weaponry to Russian army units.

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Speaker 2: President Biden, meantime, says he's in touch with allies and advisors.

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Speaker 2: Following the weekends, events.

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Speaker 8: They agreed with me that we had to make sure

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Speaker 8: we gave Putin no excuse.

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Speaker 2: We gave Putin no excuse.

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Speaker 8: To blame this on the West, to blame.

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Speaker 5: This on NATO.

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Speaker 2: President Biden says it's still too soon to draw conclusions

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Speaker 2: on the impact of the revolt.

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Speaker 1: Well Nathan analysts say Putin has been severely damaged by

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Speaker 1: the uprising. We got up with a Bloomberg opinion columnist

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Speaker 1: Andreas Klouth.

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Speaker 9: He looked weak for a number of reasons. Number one,

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Speaker 9: he promised to bring them immediately and swiftly to a

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Speaker 9: harsh justice, and of course the opposite happened. Progosion gets

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Speaker 9: to go to Belarus. And he compared the mutiny to

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Speaker 9: nineteen seventeen. That's not smart because that was when the

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Speaker 9: mutined against Uzar, who was subsequently executed in a war

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Speaker 9: that was subsequently lost, just before Civil war. So that's

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Speaker 9: the wrong message.

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Speaker 1: And Bloomberger opinion columnist Andreas Kluth says Putin now appears

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Speaker 1: to be damaged.

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Speaker 2: Goods, Well, another major story we're following and brings us

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Speaker 2: back to the US and the legal troubles facing Donald Trump.

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Speaker 2: A leaked audio recording reportedly reveals the former president discussing

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Speaker 2: classified material in his possession. Amy Morris has more from

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Speaker 2: our Bloomberg ninety nine one newsroom in Washington.

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Speaker 10: The audio recording, first obtained by CNN, comes from an

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Speaker 10: interview Trump gave in twenty twenty one for people who

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Speaker 10: were working on the memoir of Trump's former chief of

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Speaker 10: Staff Mark Meadows. Bloomberg has not been able to independently

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Speaker 10: verify the authenticity of the recording, where the former president

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Speaker 10: has heard criticizing the Joint chiefs of Staff Chairman General

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Speaker 10: Mark Milly. Referencing a document, Trump claims the Defense Department

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Speaker 10: put together.

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Speaker 8: This totally wins my case, you know, except it is

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Speaker 8: highly this is secreted for it. Look look at this President.

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Speaker 8: I could have died less than now I can't, you know.

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Speaker 10: But this is Trump posted on his truth social platform

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Speaker 10: that the tape was illegally leaked and claims it exonerates him.

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Speaker 10: In Washington. I'm Amy Morris, Bloomberg daybreak.

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Speaker 1: All right, Amy, thank you another news this morning. China's

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Speaker 1: premiere is warning of what he calls deglobalization trends in

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Speaker 1: the West. Lee Chi Yang, speaking through an interpreter, says

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Speaker 1: economic issue should not be brought into the political sphere.

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Speaker 11: Governments and relevant organizations should not overreach themselves. Still less,

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Speaker 11: overstretch the concept of risk or turn it into an

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Speaker 11: ideological tool.

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Speaker 1: Lee Chi Yang made the comments of the World Economic

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Speaker 1: Forum and the Chinese city of Tianjin.

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Speaker 2: Meantime, US China relations remain in focus. Karen, we have

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Speaker 2: word that another high level White House official is headed

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Speaker 2: to China. Let's get the details from Bloomberg's John Tucker John.

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Speaker 12: And Nathan Treasury Secretary Janet Yellen heads off to Beijing

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Speaker 12: in early July. This is a continuation of the efforts

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Speaker 12: to re engage with the world's second largest economy. Secretary

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Speaker 12: of State Anthony Blincoln just wrapped up his trip to China.

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Speaker 12: The timing a little awkward of Biden administration. Executive voter

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Speaker 12: that would regulate and potentially cut off certain US investments

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Speaker 12: in China is near in completion. Officials hope to have

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Speaker 12: that ready after Yellen's trip. All sources say Yellen will

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Speaker 12: meet with her new Chinese counterpart. She has said that

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Speaker 12: the US will pursue policies to defend and the security

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Speaker 12: and are not intended to hold China back.

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Speaker 3: You Know York.

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Speaker 12: I'm John Tucker, Bloomberg.

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Speaker 1: Day Break, Right, John, thank you well. Turning to the

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Speaker 1: markets now, we should expect more rate hikes from the Fed.

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Speaker 1: That's the word for Morgan Stanley. Economists of the firm

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Speaker 1: predict a quarter point increase of the July meeting. The

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Speaker 1: forecast comes after Chair J. Powell of the Central Bank

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Speaker 1: is not done with its aggressive hiking cycle just yet.

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Speaker 11: Now.

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Speaker 2: Raiser and focus in Europe as well, Karen As top

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Speaker 2: central bankers and policymakers gather in Portugal for the annual

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Speaker 2: European Central Bank Forum. ECB President Christine Leaguard struck a

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Speaker 2: hawkish tone in her opening speech this morning.

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Speaker 5: It is unlikely that in the near future the Central

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Speaker 5: Bank will be able to state with full confidence that

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Speaker 5: the peak rates have indeed been reached.

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Speaker 2: Christine Leguard says the ECB will probably raise rates again

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Speaker 2: in July.

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Speaker 1: We'll back here in the US, Nathan, there is word

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Speaker 1: of more job cuts coming to Corporate America. Bloomberg News

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Speaker 1: has learned Ford Motor plans to fire hundreds of salaried

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Speaker 1: workers this week. We're told the cuts will primarily hit

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Speaker 1: engineers at the automaker sources. Safe Ford is trying to

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Speaker 1: boost profit and lower costs around its fifty billion dollars

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Speaker 1: shift to electric vehicles.

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Speaker 2: Time now to take a look at some of the

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Speaker 2: other stories making news in New York and around the

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Speaker 2: world with Bloomberg's Michael var Good morning, Michael.

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Speaker 3: Good morning, Nathan. New York City is cleared for first

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Speaker 3: in the nation congestion tolls as soon as April. The

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Speaker 3: plan to charge motors driving into Midtown Manhattan receive final

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Speaker 3: federal approval. The Federal Highway Administration determined that an environmental

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Speaker 3: review of congestion pricing had no significant impacts. In a statement,

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Speaker 3: New York Governor Kathy Hokals has congestion pricing will reduce

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Speaker 3: traffic in our crowded downtown, improve air quality, and provide

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Speaker 3: critical resources to the MTA. Easy Pass Motorists driving south

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Speaker 3: of sixtieth Street may pay as much as twenty three

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Speaker 3: dollars to enter the area. Some major decisions will be

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Speaker 3: announced starting this morning before the Supreme Court takes its

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Speaker 3: summer recess. The most high profile decision is on affirmative action.

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Speaker 3: The Supreme Court will also rule on whether businesses can

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Speaker 3: refuse to serve LGBTQ customers. Eastern Wisconsin is currently under

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Speaker 3: an air quality advisory due to smoke from the hundreds

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Speaker 3: of wildfires in Canada. Doctor Jeff Poth is with UW Health.

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Speaker 6: The way that this air quality affects us is that

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Speaker 6: these very fine particles, that these smoke particles, get into

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Speaker 6: our lungs and our immune systems recognize them as foreign

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Speaker 6: and then they start to attack them, and that creates

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Speaker 6: inflammation and for a patient that may show up as wheezing,

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Speaker 6: that may show up with a little bit of shortness

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Speaker 6: of bread.

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Speaker 3: New York City went through a similar incident earlier this

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Speaker 3: month because of smoke from the wildfires. Four cases of

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Speaker 3: malaria have been reported in Florida and one in Texas

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Speaker 3: in the last two months. It is the first local

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Speaker 3: spread of the disease in the US in twenty years.

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Speaker 3: According to the CDC, malaria is caused by a parasite

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Speaker 3: that spreads through mosquito bites. Doctor Seline Gounder is Editor

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Speaker 3: at Large for Public Health at Kaiser Family Foundation.

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Speaker 13: Doctors in the southeastern United States, where the weather is

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Speaker 13: increasingly more hospitable to mosquitoes, should be aware that their

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Speaker 13: patients could have malaria. The risk is higher where the

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Speaker 13: local climate allows the mosquito that transmits malaria to survive

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Speaker 13: most of the year.

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Speaker 3: Doctor Gownder spoke to CBS. Former federal politician Olivia Chow

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Speaker 3: will be Toronto's first Asian Canadian mayor after earning a

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Speaker 3: narrow victory in yesterday's municipal election. Chow had the most

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Speaker 3: votes with thirty seven percent. Global News twenty four hours

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Speaker 3: a day, powered by more than twenty seven hundred journalists

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Speaker 3: and analysts and over one hundred and twenty countries. I'm

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Speaker 3: Michael Barr. This is Bloomberg.

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Speaker 2: Nathan, right, Michael, thank you. Time for the Bloomberg Sports

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Speaker 2: Update with John Staninshower.

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Speaker 4: Next eight and the Mets nearly won the NL's last season,

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Speaker 4: lost that in a tiebreaker. Came out this year with

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Speaker 4: a three hundred and fifty million dollars payroll in hopes

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Speaker 4: of overtaking Atlanta. But here in late June, the Mets

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Speaker 4: trailed the Braves by sixteen games. Another Met loss. That's

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Speaker 4: one at City Field, beaten by Milwaukee two to one,

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Speaker 4: as the Mets managed only three singles, wasted five scoreless

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Speaker 4: sittings by Justin Verlander. The Brewers one on a two

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Speaker 4: run homer in the sixth by Joey Weimer. It came

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Speaker 4: off Drew Smith, just returned from his ten game suspension.

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Speaker 4: Mean while Atlanta won again. The Braves have won eighteen

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Speaker 4: of their last twenty one. Another show Hey O tany

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Speaker 4: home run and an Angels win. That's his twenty sixth homer.

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Speaker 4: Yankees are in Oakland tonight. The A's are twenty and sixty.

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Speaker 4: They recently had a seven game winning streak, but since

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Speaker 4: then they're one in ten in Omaha. The end of

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Speaker 4: the College World Series.

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Speaker 6: Build two pitch.

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Speaker 2: And all us right in the World Tigers went, Tigers win.

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Speaker 2: The National Championship.

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Speaker 5: Has headed back to Baton Rose.

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Speaker 6: The Duff Pop begins Left.

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Speaker 1: Of the Mast.

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Speaker 4: That's LSU Radio. A bizarre final series as Florida won

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Speaker 4: Game two twenty four to four, and then twenty four

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Speaker 4: hours later LSU won the decisive Game three, eighteen to four.

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Speaker 4: Awards Night in the NHL, the Heart Trophy for MVP

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Speaker 4: won for the third time by Edmonton's Connor McDavid. He

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Speaker 4: had a one hundred and fifty three point season, most

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Speaker 4: points since Mario Lemieux nineteen ninety six. The Ragers, Adam

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Speaker 4: Fox Fin a second for the Norris as the top

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Speaker 4: defenseman the Islanders, Ilias Serrokan runner up for the Vezna

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Speaker 4: as top goalie. Hard Knocks, the HBO reality show that

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Speaker 4: follows an NFL team in training camp, will reportedly this

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Speaker 4: season document the Jets. They were also featured in twenty ten.

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Speaker 4: Jets coach Rob Salad said he'd rather not have the distraction.

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Speaker 2: John Dash Edward Bloomberg Sports.

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Speaker 5: From coast to coast, from New York to San Francisco,

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Speaker 5: Boston to Washington, DC, nationwide on Syrias Exam, Bloomberg Business

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Speaker 5: Appened Bloomberg dot Com. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager, and it is another morning

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Speaker 2: of fast moving developments. Following the weekend mutiny attempt in Russia,

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Speaker 2: prosecutors have closed their criminal case now against the Wagner

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Speaker 2: Group and its leader, Yevgeny Pregosian. That's after President Vladimir

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Speaker 2: Putin appeared on state television last night promised to respect

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Speaker 2: a deal that would end the biggest threat to his

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Speaker 2: nearly quarter century in power. For more on what's been

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Speaker 2: happening since the weekend revolt, were joined by Bloomberg opinion

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Speaker 2: columnist Andreas Kluth, who has written a recent piece on

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Speaker 2: Putin's biggest mistakes in the Wagner Uprising. Andreas, it's good

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Speaker 2: to speak with you this morning. It was just a

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Speaker 2: couple of days ago. Of course, the President Putin was

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Speaker 2: promising inevitable punishment for the Wagner mercenaries following that march

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Speaker 2: toward Moscow. Now that charges have reportedly been dropped, is

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Speaker 2: this resolution to the crisis.

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Speaker 9: No, there's absolutely no resolution to anything in this crisis,

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Speaker 9: and it'll go on for a long time. We just

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Speaker 9: don't know how. But you know, that was one stunning,

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Speaker 9: one of the stunning of U turns on Saturday. That

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Speaker 9: happened almost like by the minute, by the half hour

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Speaker 9: on that day, and slightly at a slower pace since

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Speaker 9: I think it was one of the mistakes Putin made.

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Speaker 11: He can't.

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Speaker 9: He gave an address, he had to say something and

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Speaker 9: tried to channel his own old strong man personality and says,

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Speaker 9: these people will be held to account, their punishment will

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Speaker 9: be inevitable and harsh and all of these things. And

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Speaker 9: of course he's been on record many times before that's

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Speaker 9: saying that. The one thing he will never forgive is betrayal.

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Speaker 9: And he never named Progojin, but he said these people

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Speaker 9: are betraying us. And then like a half hour later

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Speaker 9: or something, it was revealed that Alexander Lukashenko, the little

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Speaker 9: I call him the baby dictator. You know that the

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Speaker 9: mini me next door or in Belarus made a deal

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Speaker 9: or at least made the call, and that Pregosion will

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Speaker 9: go to Belarus scot free. And that is of course

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Speaker 9: a cognitive dissonance. That that is just one way that

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Speaker 9: I think he he Putin signaled that he's no longer

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Speaker 9: in control, he is no longer strong. If you promise,

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Speaker 9: promise punishment but then don't deliver it, he could still

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Speaker 9: deliver it. I'm not sure whether to trust is. By

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Speaker 9: the way, you know a lot of people are saying

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Speaker 9: Pregosion should be checking his underwork for Novochuk. I don't

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Speaker 9: know if you get the joke, but you know, they

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Speaker 9: could still be coming after him. But Progosion may have

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Speaker 9: other plans as well. So but in general, I think

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Speaker 9: that was one way in which other potential enemies of

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Speaker 9: Putin will now say, hmm, maybe I'll hatch my plans.

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Speaker 2: Well, what could those plans be if Progosion at this

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Speaker 2: point is in Belarus right now, there are reports that

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Speaker 2: Progosian's plane has landed there or whether he was actually

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Speaker 2: on it. But what could Progosian do at this point?

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Speaker 9: I just then I wasn't speaking about Progosian specifically, but

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Speaker 9: I don't know. Here's another thing that's unclear. How many,

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Speaker 9: if any, but I think how many of his mercenaries

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Speaker 9: will go to Belarus with him? And then what role

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Speaker 9: will they play? Will they still be if they don't,

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Speaker 9: really like Putin recognize Belarus or Ukraine as a state,

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Speaker 9: they think it's all part of greater Russia. Will they

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Speaker 9: stay each other attacks into Ukraine from there? Will they

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Speaker 9: point their weapons at Belarus or back at Russia or

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Speaker 9: will they just do nothing? I think that is you

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Speaker 9: can rule that out. So all of that is unclear.

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Speaker 9: But remember that Putin will have other enemies who just

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Speaker 9: haven't come out of the woodwork so far, because they're

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Speaker 9: looking for signs of weakness.

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Speaker 2: I guess there's the question as well about whether the

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Speaker 2: Wagner troops, if they're folded into the Russian army, could

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Speaker 2: contribute even further to instability. Is that something that's on

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Speaker 2: your radar as well well.

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Speaker 9: So the issue of instability in the Russian army is huge.

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Speaker 9: I mean, so remember the Ukrainian counter attack is sort

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Speaker 9: of underway one quarter. I would say they've been holding

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Speaker 9: back the best trained troops with the most modern Leopard

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Speaker 9: two tanks and all of that for a big push.

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Speaker 9: And of course they're hoping, I mean, if this coup

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Speaker 9: had or if this were calling it a mutiny, if

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Speaker 9: this mutiny had continued, then it could be as in,

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Speaker 9: you know, even Putin made this, you know, analogy to

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Speaker 9: tooth nineteen seventeen in World War One, when Russian soldier's mutiny.

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Speaker 9: They could have lost morale a little bit like last autumn,

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Speaker 9: last fall, you know, and and there could have been

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Speaker 9: disordered in the ranks. That would have been great for

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Speaker 9: the Ukrainians. Now they're trying to incorporate all the private

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Speaker 9: paramount military forces, but especially the Wagner group. That's what

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Speaker 9: it's aimed for. And as you say, let's see what

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Speaker 9: who knows what these Wagner mercenaries, including former convicts, what

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Speaker 9: they'll do if they if they play nicely in the

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Speaker 9: if they take orders from serve from Shoigu, the defense

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Speaker 9: minister who was the number one enemy of pregoson their

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Speaker 9: former boss. Will they still take orders from Pregosion?

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Speaker 10: We don't know.

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Speaker 5: Wow.

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